XWELL appoints Suzanne A. Scrabis as CFO effective July 10, 2023; details compensation

XWELL, Inc.

Suzanne A. Scrabis named CFO, starting July 10, 2023; Omar Haynes returns to VP Treasury & Finance role.
Annual base salary $300,000; short-term incentive target 50% of base salary, half guaranteed for 2023.
Initial equity awards: 75,000 NQSOs and 100,000 RSUs vesting quarterly over one year; eligible for LTIP up to 1.75x salary.
Severance: 50% of base salary paid over 6 months if terminated without cause or for good reason, subject to release.

item 5.02 item 9.01

Executive movements

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Appointed

Suzanne A. Scrabis

Chief Financial Officer

XWEL · XWELL, Inc.

Effective: 2023-07-10
Filed: June 28, 2023, 7:59 PM ET

Suzanne A. Scrabis has been appointed the Chief Financial Officer of the Company, effective July 10, 2023.

Role change

Omar Haynes

Vice President of Treasury & Finance

XWEL · XWELL, Inc.

Effective: 2023-07-10
Filed: June 28, 2023, 7:59 PM ET

Omar Haynes, who has been serving as Interim Chief Financial Officer of the Company since June 2022, will remain with the Company and resume his former role as Vice President of Treasury & Finance, effective July 10, 2023.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Suzanne A. Scrabis was appointed as Chief Financial Officer at XWELL, Inc..

Action: appointed
Role: Chief Financial Officer

Exact text from the filing

Suzanne A. Scrabis has been appointed the Chief Financial Officer of the Company, effective July 10, 2023.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Omar Haynes changed role as Vice President of Treasury & Finance at XWELL, Inc..

Action: resumed
Role: Vice President of Treasury & Finance

Exact text from the filing

Omar Haynes, who has been serving as Interim Chief Financial Officer of the Company since June 2022, will remain with the Company and resume his former role as Vice President of Treasury & Finance, effective July 10, 2023.

View on SEC.gov

XWELL, Inc. filing history →

Source: SEC EDGAR

accession 0001104659-23-075565

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